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2026 Supreme(Online)(Ker) 14218

IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
JOLLY PAUL – Appellant
Versus
AUTHORIZED OFFICER & CHIEF MANAGER, IRINJALAKKUDA TOWN CO. OPERATIVE BANK LTD – Respondent


Advocates:
For the Appellants/Petitioners: SMT.ANJALI MENON, SHRI.JIBI JACOB
For the Respondents: SRI.DEVAPRASANTH.P.J., SMT.SMINI JOSE

BASANT BALAJI J ======================

W.P. (C) No. 2590 of 2026 ========================

Dated 24th day of February 2026 JUDGMENT The writ petition has been filed challenging Ext.P3 notice issued by the Advocate Commissioner for taking physical possession of the secured asset and seeking a direction to the respondents to consider and include the petitioner’s request under the “Nava Keraleeyam” Amnesty Scheme and to permit the petitioner to avail the benefit of the One Time Settlement scheme.

2. The learned counsel for the respondent Bank made available a letter dated 06.02.2026, wherein the Bank has stated that the request of the petitioner for settlement under the One Time Settlement Scheme, in terms of the “Nava Keraleeyam” Amnesty Scheme, cannot be considered and the petitioner has been called upon to appear for a discussion regarding a compromise settlement on or before 15.02.2026.

3. The learned counsel for the petitioner submits that, pursuant to the letter issued by the respondent Bank, the petitioner appeared before the Bank on 13.02.2026 for a discussion and offered a sum of Rs. 1.5 crores towards full and final settlement of the loan account. However, thereafter, the respond

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